No. 11 : Sources of Money Stock (M3) - आरबीआय - Reserve Bank of India
No. 11 : Sources of Money Stock (M3)
(Rs. crore) |
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Source |
Outstanding as on March 31/Reporting Fridays of the |
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1999-00 |
2000-01 |
2001-02 |
2002-03 |
Aug. 9, |
Aug. 23, |
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2002 |
2002 |
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1 |
2 |
3 |
4 |
5 |
6 |
7 |
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1. |
Net Bank Credit to Government (A+B) |
4,41,378 |
5,11,955 |
5,89,565 |
6,78,059 |
6,47,520 |
6,38,647 |
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A. |
RBI’s net credit to Government (i-ii) |
1,48,263 |
1,53,877 |
1,52,178 |
1,20,679 |
1,54,137 |
1,34,207 |
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(i) |
Claims on Government (a+b) |
1,50,486 |
1,56,696 |
1,57,323 |
1,24,210 |
1,54,278 |
1,34,348 |
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(a) Central Government (1) |
1,42,051 |
1,49,353 |
1,46,528 |
1,16,515 |
1,49,817 |
1,31,978 |
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(b) State Governments |
8,435 |
7,343 |
10,794 |
7,695 |
4,461 |
2,371 |
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(ii) |
Government deposits with RBI (a+b) |
2,223 |
2,819 |
5,145 |
3,531 |
141 |
142 |
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(a) Central Government |
2,223 |
2,819 |
5,145 |
3,531 |
100 |
101 |
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(b) State Governments |
— |
— |
— |
— |
41 |
41 |
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B. |
Other Banks’ Credit to Government |
2,93,115 |
3,58,078 |
4,37,387 |
5,57,379 |
4,93,383 |
5,04,440 |
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2. |
Bank Credit to Commercial Sector (A+B) |
5,86,564 |
6,79,218 |
7,59,647 |
9,06,612 |
8,22,769 |
8,23,340 |
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A. |
RBI’s credit to commercial sector (2) |
15,270 |
13,286 |
5,929 |
3,048 |
2,938 |
2,926 |
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B. |
Other banks’ credit to commercial sector (i+ii+iii) |
5,71,294 |
6,65,932 |
7,53,718 |
9,03,564 |
8,19,832 |
8,20,414 |
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(i) |
Bank credit by commercial banks |
4,35,958 |
5,11,434 |
5,89,723 |
7,29,215 |
6,53,560 |
6,53,381 |
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(ii) |
Bank credit by co-operative banks |
1,00,423 |
1,19,170 |
1,32,081 |
1,45,350 |
1,35,443 |
1,36,282 |
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(iii) |
Investments by commercial and |
34,913 |
35,328 |
31,915 |
28,998 |
30,828 |
30,750 |
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co-operative banks in other securities |
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3. |
Net Foreign Exchange Assets of Banking Sector (A+B) |
2,05,648 |
2,49,819 |
3,11,035 |
3,93,715 |
3,43,285 |
3,47,325 |
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A. |
RBI’s net foreign exchange assets (i-ii)(3) |
1,65,880 |
1,97,175 |
2,63,969 |
3,58,244 |
2,92,093 |
2,96,132 |
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(i) |
Gross foreign assets |
1,65,897 |
1,97,192 |
2,63,986 |
3,58,261 |
2,92,110 |
2,96,150 |
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(ii) |
Foreign liabilities |
17 |
17 |
17 |
17 |
17 |
17 |
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B. |
Other banks’ net foreign exchange assets |
39,768 |
52,644 |
47,066 |
35,471 |
51,193 |
51,193 |
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4. |
Government’s Currency Liabilities to the Public |
4,578 |
5,354 |
6,366 |
7,071 |
6,666 |
6,728 |
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5. |
Banking Sector’s net Non-monetary |
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Liabilities Other than Time Deposits (A+B) |
1,13,994 |
1,33,126 |
1,68,258 |
2,60,234 |
1,88,823 |
1,83,330 |
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A. |
Net non-monetary liabilities of RBI (3) |
70,222 |
79,345 |
1,01,220 |
1,27,141 |
1,19,693 |
1,09,274 |
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B. |
Net non-monetary liabilities of other banks (residual) |
43,772 |
53,781 |
67,038 |
1,33,093 |
69,130 |
74,056 |
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M3 |
(1+2+3+4-5) |
11,24,174 |
13,13,220 |
14,98,355 |
17,25,222 |
16,31,418 |
16,32,710 |
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(16,95,551) |
(15,93,210) |
(15,94,504) |
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(Rs. crore) |
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Source |
Outstanding as on March 31/Reporting Fridays of the |
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Apr. |
May |
Jun. |
Jul. |
Aug. 8 |
Aug. 22 |
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2003 |
2003 |
2003 |
2003 |
2003 |
2003 |
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1 |
8 |
9 |
10 |
11 |
12 |
13 |
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1. |
Net Bank Credit to Government (A+B) |
7,06,029 |
7,09,591 |
7,13,060 |
7,17,454 |
7,16,342 |
7,07,210 |
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A. |
RBI’s net credit to Government (i-ii) |
1,27,259 |
1,23,545 |
1,16,229 |
96,706 |
85,716 |
74,786 |
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(i) |
Claims on Government (a+b) |
1,27,532 |
1,23,687 |
1,16,371 |
96,848 |
85,858 |
74,927 |
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(a) Central Government (1) |
1,22,801 |
1,19,865 |
1,13,519 |
93,673 |
82,428 |
69,648 |
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(b) State Governments |
4,730 |
3,822 |
2,851 |
3,176 |
3,430 |
5,279 |
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(ii) |
Government deposits with RBI (a+b) |
273 |
142 |
142 |
142 |
142 |
141 |
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(a) Central Government |
110 |
100 |
101 |
101 |
101 |
100 |
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(b) State Governments |
162 |
41 |
41 |
41 |
41 |
41 |
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B. |
Other Banks’ Credit to Government |
5,78,770 |
5,86,046 |
5,96,831 |
6,20,748 |
6,30,626 |
6,32,424 |
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2. |
Bank Credit to Commercial Sector (A+B) |
9,15,400 |
9,12,734 |
9,14,492 |
9,08,708 |
9,10,075 |
9,08,700 |
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A. |
RBI’s credit to commercial sector (2) |
3,001 |
3,008 |
2,975 |
2,945 |
3,447 |
2,951 |
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B. |
Other banks’ credit to commercial sector (i+ii+iii) |
9,12,398 |
9,09,726 |
9,11,517 |
9,05,763 |
9,06,628 |
9,05,750 |
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(i) |
Bank credit by commercial banks |
7,32,872 |
7,30,653 |
7,32,817 |
7,27,401 |
7,28,675 |
7,27,244 |
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(ii) |
Bank credit by co-operative banks |
1,47,522 |
1,46,838 |
1,46,455 |
1,46,333 |
1,45,776 |
1,46,440 |
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(iii) |
Investments by commercial and |
32,004 |
32,234 |
32,244 |
32,029 |
32,177 |
32,066 |
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co-operative banks in other securities |
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3. |
Net Foreign Exchange Assets of Banking Sector (A+B) |
3,95,854 |
4,18,050 |
4,16,425 |
4,27,455 |
4,26,712 |
4,27,934 |
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A. |
RBI’s net foreign exchange assets (i-ii)(3) |
3,60,383 |
3,82,579 |
3,80,954 |
3,91,984 |
3,91,241 |
3,92,463 |
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(i) |
Gross foreign assets |
3,60,400 |
3,82,597 |
3,80,971 |
3,92,002 |
3,91,258 |
3,92,480 |
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(ii) |
Foreign liabilities |
17 |
17 |
17 |
17 |
17 |
17 |
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B. |
Other banks’ net foreign exchange assets |
35,471 |
35,471 |
35,471 |
35,471 |
35,471 |
35,471 |
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4. |
Government’s Currency Liabilities to the Public |
7,073 |
7,073 |
7,073 |
7,073 |
7,073 |
7,073 |
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5. |
Banking Sector’s net Non-monetary |
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Liabilities Other than Time Deposits (A+B) |
2,46,126 |
2,56,503 |
2,45,091 |
2,50,392 |
2,42,111 |
2,28,526 |
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A. |
Net non-monetary liabilities of RBI (3) |
1,23,937 |
1,32,001 |
1,26,722 |
1,23,697 |
1,18,983 |
1,05,583 |
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B. |
Net non-monetary liabilities of other banks (residual) |
1,22,188 |
1,24,502 |
1,18,368 |
1,26,695 |
1,23,128 |
1,22,943 |
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M3 |
(1+2+3+4-5) |
17,78,229 |
17,90,945 |
18,05,959 |
18,10,298 |
18,18,091 |
18,22,391 |
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(17,48,856) |
(17,62,817) |
(17,78,741) |
(17,85,878) |
(17,94,456) |
(17,98,772) |
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Note : Figures in brackets exclude the impact of mergers since May 3, 2002. |